PowerBank Sees Potential Annual Lease Revenue of CAD 2 Million From Ontario Data Center

• PowerBank forecasts approximately C$ 2 million in annual gross lease revenue from its planned 2 MW Ontario data center, shared with its partner.
• The forecast covers the first full year following commercial operation, anticipated in fiscal 2028, ending June 30, 2028.
• Estimated facility capital costs total approximately C$ 10 million, excluding tenant-funded GPUs and computing equipment.
• Revenue assumes full leasing of approximately 1.77 MW of IT capacity, with rent starting at commercial operation without a rent-free period.
• The project remains subject to securing a tenant, financing and permits; construction is expected to take eight to 12 months following approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202610290830CANADANWCANADAPR_C6450) on October 29, 2026, and is solely responsible for the information contained therein.